News Archives for Print - 2024-06-28

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Print - 2024-06-28

Federal budget and pro-cyclical policy

The federal budget, due to come into effect in the next few days, has continued with the pro-cyclical policy...

Updated 28 Jun, 2024 03:16pm

India: two-faced foreign policy

EDITORIAL: Confirming media reports that India has been providing drones and artillery shells to his country in its...

Published 28 Jun, 2024 06:42am

Country needs Operation Azm-e-Istehkam

The ghastly attacks of September 11, 2001, on Twin Towers, tragically claimed lives of innocent Americans, who left...

Published 28 Jun, 2024 06:42am

A very welcome initiative

EDITORIAL: Education, the building block of socio-economic progress, primarily is a government responsibility. But ...

Published 28 Jun, 2024 06:23am

Excessive govt expenditure

EDITORIAL: If there were any doubts about whether the ruling elite realise the seriousness of the economic crisis...

Published 28 Jun, 2024 06:15am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 27, 2024)....

Published 28 Jun, 2024 05:41am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 27, 2024)...

Published 28 Jun, 2024 05:41am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 28 Jun, 2024 05:41am

The Weather

KARACHI: The weather report on Thursday (June 27, 2024) and the forecast for Friday (June 28, 2024)...

Published 28 Jun, 2024 05:41am

Various sectors ‘Govt working diligently without discrimination’

LAHORE: Speaker Punjab Assembly Malik Muhammad Ahmad Khan on Thursday said that the current government is working...

Published 28 Jun, 2024 05:41am

Assembly has authority to determine salaries, allowances for memebers

LAHORE: Speaker Malik Muhammad Ahmad Khan on Thursday gave a significant ruling on the point of order raised by...

Published 28 Jun, 2024 05:41am

Asia

China gives cities over $316m in emergency relief amid deadly floods

BEIJING: China has provided more than 2.3 billion yuan ($316.4 million) in funds to help with rescue efforts,...

Published 28 Jun, 2024 05:41am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 144,053 tonnes of cargo comprising 87,854 tonnes of import cargo and 26,199...

Published 28 Jun, 2024 05:41am

NATO can weather political storms in US, France: Stoltenberg

BRUSSELS: NATO chief Jens Stoltenberg on Thursday said the “resilient” military alliance can ride out any...

Published 28 Jun, 2024 05:41am

US Senate body probes 18 oil producers on price collusion with OPEC

WASHINGTON: The US Senate budget committee on Thursday launched a probe of 18 domestic oil producers about any...

Published 28 Jun, 2024 05:41am

China expels former defence minister from Communist Party

BEIJING: Former Chinese defence minister Li Shangfu has been expelled from the ruling Communist Party for causing...

Updated 28 Jun, 2024 07:36am

Europe

‘Climate neutral’ ad claims must be backed up: German court

FRANKFURT, (Germany): Companies in Germany can only promote their products as “climate neutral” if they back up...

Published 28 Jun, 2024 05:41am

Govt making all-out efforts towards ICT promotion: minister

ISLAMABAD: State Minister for Information Technology (IT) and Telecommunication Shaza Fatima Khawaja has said that...

Published 28 Jun, 2024 05:41am

Letters

Rain brings cheers to Karachi residents

It did rain yesterday, albeit briefly. But it significantly lowered temperature in the city of teeming millions,...

Published 28 Jun, 2024 05:41am

Ombudsman orders water distribution on modern lines

KARACHI: Provincial Ombudsman Dr Muhammad Sohail Rajput has said that the Water Board should develop water...

Published 28 Jun, 2024 05:41am

Shortage of water in Block 3-A Gulistan-e-Johar

KARACHI: Shortage of water has made life difficult for the residents of Gulistan-e-Johar Block 3-A. The senior ...

Published 28 Jun, 2024 05:41am

IG Sindh announces free hepatitis, HIV screenings for police force

KARACHI: Inspector General (IG) of Sindh Police Ghulam Nabi Memon announced free screenings for hepatitis and HIV...

Published 28 Jun, 2024 05:41am

Stocks

Major Gulf markets gain on firm oil prices

DUBAI: Major Gulf indexes closed higher on Thursday, as oil prices gained on worries that a potential expansion of...

Published 28 Jun, 2024 05:41am

Stocks

Wall St listless as eyes on crucial inflation data

NEW YORK: US stock indexes were flat on Thursday, as investors assessed a string of economic data ahead of the...

Published 28 Jun, 2024 05:41am

Stocks

European shares subdued ahead of French elections

PARIS: European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first...

Published 28 Jun, 2024 05:41am

Stocks

China stocks end lower as industrial profit growth slows

SHANGHAI: China stocks closed down on Thursday as the country’s industrial profits rose at a much slower pace in...

Published 28 Jun, 2024 05:41am

Stocks

Japan’s Nikkei backpedals as yen intervention risks weigh

TOKYO: Japan’s Nikkei share average fell on Thursday, giving up much of its gains from the previous session, as ...

Published 28 Jun, 2024 05:41am

Grains

Asia rice: High shipping cost dents Indian rates

MUMBAI/BANGKOK/HANOI AND BENGALURU: Indian rice export prices fell this week as demand moderated due to a jump in...

Published 28 Jun, 2024 05:41am

Railways Police return bag with Rs0.8m to owner

LAHORE: The Railways Police, Lahore Division, in an exceptional demonstration of honesty and commitment towards...

Published 28 Jun, 2024 05:41am

OPDs condition in govt hospitals now getting better: ministers

LAHORE: Commending the vice-chancellors, principals and medical superintendents for performing duties in the OPDs of...

Published 28 Jun, 2024 05:41am

LDA DG for digital processing of sifted files

LAHORE: Lahore Development Authority Director General Tahir Farooq directed the Chief IT Officer to establish a...

Published 28 Jun, 2024 05:41am

CM for ensuring timely completion of uplift projects

LAHORE: Chief minister Punjab Maryam Nawaz has directed to ensure timely completion of development projects in any...

Published 28 Jun, 2024 05:41am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (June 27, 2024)....

Published 28 Jun, 2024 05:41am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (June 27, 2024). ======================== Open Bid Rs...

Published 28 Jun, 2024 05:41am

Agriculture and Allied

Punjab govt will provide Rs10bn loans to farmers: minister

LAHORE: Punjab Minister for Agriculture and Livestock Syed Ashiq Hussain Kirmani on Thursday announced that the...

Published 28 Jun, 2024 05:41am

US envoy agrees to strengthen collaboration on welfare initiatives

LAHORE: US Consul General Lahore Kristin K Hawkins has agreed to strengthen collaboration between Pakistan and the ...

Published 28 Jun, 2024 05:41am

Governor gives assent to Punjab Finance Bill 2024

LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval...

Published 28 Jun, 2024 05:41am

Shujaat, Elahi resolve family disputes

LAHORE: Former Punjab chief minister Chaudhry Parvez Elahi met with the PML-Q President Chaudhry Shujaat and agreed...

Published 28 Jun, 2024 05:41am

Central Asian states can be beneficiary of CPEC: Aleem

ISLAMABAD: Ambassador of Azerbaijan to Pakistan Khazar Farhadov called on Federal Minister for Privatization, Board...

Published 28 Jun, 2024 05:41am

CTO Islamabad eases concerns of officers

ISLAMABAD: Chief Traffic Officer (CTO) Islamabad Muhammad Sarfraz Virk held an orderly room meeting at Traffic ...

Published 28 Jun, 2024 05:41am

Finally, Punjab to have local govt polls

ISLAMABAD: After failing for over two years to hold local government elections in Punjab, the country’s largest...

Published 28 Jun, 2024 05:41am

NA panels elect chairmen unanimously

ISLAMABAD: The National Assembly Standing Committees of Energy (Petroleum Division), National Food Security and...

Published 28 Jun, 2024 05:41am

PARTLY FACETIOUS: ‘Lions do not hibernate’

“I take strong exception to the army…” “Hush, hush, that is not a…” “Why don’t you let me finish...

Published 28 Jun, 2024 05:41am

Maharaja Ranjit Singh’s statue installed at Gurdwara Kartarpur

LAHORE: The statue of Maharajah Ranjit Sing, the first Sikh ruler of Punjab, has been permanently installed at...

Published 28 Jun, 2024 05:41am

ECP counsel argues why ‘SIC cannot have reserved seats’

ISLAMABAD: Justice Yahya Afridi said when he read that non-Muslims cannot become members of the Sunni Ittehad ...

Published 28 Jun, 2024 05:41am

Vision digitization: Huawei ready to share its experience with Pakistan

SHANGHAI: When the world is ready to mark 2024 as the first year of commercial 5.5G and the integration of AI into a...

Published 28 Jun, 2024 05:41am

IIAP welcomes inaugural flight of ‘Somon Air’ from Dushanbe

KARACHI: Islamabad International Airport (IIAP) on Thursday welcomed the inaugural flight of Somon Air,...

Published 28 Jun, 2024 05:41am

US again urges Pakistan to ‘fulfil’ constitutional, global obligations

WASHINGTON: The United States has once again stressed Pakistan to fulfil its “constitutional and International...

Published 28 Jun, 2024 05:41am

Govt to counter Congress motion thru NA: Dar

ISLAMABAD: A day after the US House of Representatives demanded an independent probe into the February 8 Pakistan...

Published 28 Jun, 2024 05:41am

Rates

Index stays in green zone

KARACHI: A bullish trend continued on Pakistan Stock Exchange on Thursday on the back of investor interest, mainly ...

Published 28 Jun, 2024 05:41am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (June 27, 2024). ======================================= Offset...

Published 28 Jun, 2024 05:41am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (June 27, 2024). ==================================== BR...

Published 28 Jun, 2024 05:41am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 28 Jun, 2024 05:41am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 28 Jun, 2024 05:41am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR26.368 ...

Published 28 Jun, 2024 05:41am

Commodities

Asia coffee: Vietnam trade muted on low supplies

HANOI/BANDAR LAMPUNG, (Indonesia): Trading activities remained sluggish in Vietnam on thin supplies with domestic...

Published 28 Jun, 2024 05:41am

Cotton & Textile

Spot rate firm amid lean business

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. Cotton Analyst...

Published 28 Jun, 2024 05:41am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (June 27, 2024)...

Published 28 Jun, 2024 05:41am

Commodities

Copper rebounds from two-month low

LONDON: Copper prices rose after touching more than two-month lows on Thursday as support from a weaker dollar ...

Published 28 Jun, 2024 05:41am

Commodities

Gold rises as traders brace for US inflation report

BENGALURU: Gold prices rose on Thursday as the dollar softened, with the market spotlight on key US inflation data...

Published 28 Jun, 2024 05:41am

Cotton & Textile

Brazil set to be leading cotton exporter after 80pc surge in shipments

SAO PAULO: Brazil is set to become the world’s largest cotton exporter in 2023/24, knocking the United States from...

Published 28 Jun, 2024 05:41am

Commodities

Iron ore sustains overnight gains

BEIJING: Prices of iron ore futures extended climb for a third session on Thursday, buoyed by top consumer China’s...

Published 28 Jun, 2024 05:41am

Energy

Oil prices up on ME supply worries

HOUSTON: Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected...

Published 28 Jun, 2024 05:41am

Commodities

Japanese rubber gains

SINGAPORE: Japanese rubber futures rose on Thursday on the back of a Weaker yen, although gains were capped by lower...

Published 28 Jun, 2024 05:41am

Commodities

Gold prices move slightly

KARACHI: Gold prices on Thursday saw a little momentum on the local market despite the global bullion value dropped...

Published 28 Jun, 2024 05:41am

ECC decides to establish pension funds from July 1

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to establish the pension funds from...

Updated 28 Jun, 2024 03:11pm

Energy

US natgas futures end steady

NEW YORK: US natural gas futures held steady on Thursday after a federal report showed last week’s storage build...

Published 28 Jun, 2024 05:41am

OICCI says has identified ‘critical anomalies’

KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)...

Updated 28 Jun, 2024 09:16am

EPQL seeks to buy low BTU gas from PPL’s Kandhkot field

ISLAMABAD: M/s Engro Powergen Qadirpur Limited (EPQL) has reiterated its interest in purchase of 50 MMCFD low BTU...

Updated 28 Jun, 2024 03:12pm

Vitol wins tender from govt-owned LPG company

ISLAMABAD: M/s Vitol Trading Company, the world’s largest energy trading enterprise, has won tender from Pakistan’s...

Updated 28 Jun, 2024 09:56am

Petrol, HSD prices likely to increase

ISLAMABAD: Petrol and high-speed diesel (HSD) prices are likely to increase in Pakistan from July 01, 2024....

Updated 28 Jun, 2024 09:21am

Energy

Gas distribution network: SSGC makes massive investments

KARACHI: For tackling the challenges of reduced gas supply and low pressure issues along with simultaneous increase...

Published 28 Jun, 2024 05:41am

Energy

PPDA protests against ‘hoarding’ by OMCs

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) is agitating against the hoarding of fuel supply by the...

Published 28 Jun, 2024 05:41am

Energy

HCSTS voices concerns over ongoing ‘crackdown’ on LPG gas shops

HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry (HCSTSI),...

Published 28 Jun, 2024 05:41am

MENA

From discounts to live performances: Dubai Summer Surprises launches largest edition

DUBAI: The Dubai Summer Surprises (DSS) – now in its 27th year – will begin today (Friday) and run until September...

Updated 28 Jun, 2024 02:06pm

Power tariff hike, loadshedding: Consumers heap criticism on Nepra at hearing

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday faced criticism from consumers at a...

Updated 28 Jun, 2024 09:23am

Taxes

New taxation steps won’t hurt the poor: Sindh CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday assured the Sindh Assembly that new taxation will not...

Updated 28 Jun, 2024 04:56pm

Taxes

‘Tax net will be broadened with FCCI’s cooperation’

FAISALABAD: Tax net would be broadened with the active cooperation of FCCI so that much needed revenue could be...

Published 28 Jun, 2024 05:41am

Taxes

NTDC: FBR fails to charge minimum tax on turnover

LAHORE: The Federal Board of Revenue (FBR) has failed to charge minimum tax on turnover from the National...

Published 28 Jun, 2024 05:41am

Industry

LCCI, SBP mark Micro, Small & Medium-sized Enterprises Day

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Thursday organized an important event in collaboration with...

Published 28 Jun, 2024 05:41am

Industry

IT industry: Higher taxation to give big boost to brain drain: FPCCI

KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25...

Published 28 Jun, 2024 05:41am

MENA

Alif Investments CEO, who brought some major Pakistani brands to Dubai, believes ‘homework’ is key to success in emirate

DUBAI: For the Pakistani diaspora living in Dubai, places that stoke memories and experiences from back home stand...

Published 28 Jun, 2024 05:41am

Money & Banking

US dollar retreats after weak economic data

NEW YORK/LONDON: The yen edged up from a 38-year low against the US dollar on Thursday, helped by softening US...

Published 28 Jun, 2024 05:41am

Money & Banking

Most Asian currencies largely unchanged

BENGALURU: South Korean shares lost more than 1% on Thursday to mark their worst day in more than two weeks after US...

Published 28 Jun, 2024 05:41am

Companies

Toyota, affiliates to offload some $1bn in Aisin shares

TOKYO: Toyota Motor and two affiliates will sell 33.9 million shares in group supplier Aisin, the companies said on...

Published 28 Jun, 2024 05:41am

Money & Banking

EU watchdog calls out banks for inflating capital buffers

LONDON: Banks in the European Union could be inflating the value of high-risk debt used to plug gaps in capital...

Published 28 Jun, 2024 05:41am

Punjab govt to bring new investments: minister

LAHORE: Punjab Industry and Commerce Minister Chaudhry Shafi Hussain has said that the Punjab government would...

Published 28 Jun, 2024 05:41am

Taxes

PTA rejects discriminatory taxation in Federal Budget 2024 -25

ISLAMABAD: Pakistan Tea Association (PTA) has expressed his profound concerns and apprehensions vis-a-vis proposed...

Published 28 Jun, 2024 05:41am

Companies

NADRA to help KE enhance its service delivery

ISLAMABAD: In a pioneering strategic partnership, the National Database and Registration Authority (NADRA) and...

Published 28 Jun, 2024 05:41am

Industry

ECC approves proposal to launch ‘Risk Coverage Scheme for SMEs’

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Finance Division’s proposal to...

Published 28 Jun, 2024 05:41am

e-invoicing integration: FBR grants licence to Haball

Taxes

Proposed amendments relate to non-filers, wealth statement, foreign assets, and withholding tax-related provisions

Updated 28 Jun, 2024 09:54am

Industry

CM Maryam for developing SMEs

LAHORE: Terming the investment in small businesses essential for economic stability and prosperity, Chief Minister...

Published 28 Jun, 2024 05:41am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	282.22
USD PKR Interbank Buying / Jun 5	282.02
USD to Japanese Yen / Jun 6	144.85
USD to Swiss Franc / Jun 6	0.82
Pound Sterling to USD / Jun 6	1.35
Euro to USD / Jun 6	1.14
UK LIBOR % / Jun 5	4.96

Stock	Volume
S&P 500 / Jun 6	6,000.36
India Sensex / Jun 6	82,188.99
Tokyo Nikkei / Jun 6	37,741.61
Nasdaq / Jun 6	19,529.95
Hang Seng / Jun 6	23,792.54
FTSE 100 / Jun 6	8,837.91
Dow Jones / Jun 6	42,762.87
Germany DAX 30 / Jun 6	24,304.46
France CAC40 / Jun 6	7,804.87

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 5	16,985
Gold 10 Grams PKR / Jun 5	307,270
Crude Oil USD/Barrel / Jun 6	64.58
Gold Spot USD/Ounce / Jun 6	3,310.42
Cotton US¢/pound / Jun 6	68.21
Petrol/Litre / Jun 9	253.63
Diesel/Litre / Jun 9	254.64

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jun 5 First IBL Modaraba(FIBLM)	4.20 ▲ 1 (31.25%)
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	2.97 ▲ 0.59 (24.79%)
Invest Bank / Jun 5 Invest Capital Investment Bank Limited(ICIBL)	3.92 ▲ 0.57 (17.01%)
Abdullah Shah / Jun 5 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7 ▲ 1 (16.67%)
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	9.31 ▲ 1 (12.03%)
Ashfaq Textile / Jun 5 Ashfaq Textile Mills Limited(ASHT)	17.55 ▲ 1.6 (10.03%)
Nets Internat.Comm. / Jun 5 Nets International Communication Limited(GEMNETS)	21.41 ▲ 1.95 (10.02%)
Sardar Chemical / Jun 5 Sardar Chemical Industries Limited(SARC)	53.19 ▲ 4.84 (10.01%)
Kohinoor Mills / Jun 5 Kohinoor Mills Limited(KML)	49.96 ▲ 4.54 (10%)
Hala Enterprise / Jun 5 Hala Enterprises Limited(HAEL)	26.61 ▲ 2.42 (10%)

Stock	Price
Supernet Ltd. / Jun 5 Supernet Limited(GEMSPNL)	41.55 ▼ -4.62 (-10.01%)
ICC Industries / Jun 5 ICC Industries Limited(ICCI)	14.66 ▼ -1.63 (-10.01%)
PIA Holding Co.B / Jun 5 PIA Holding Company Limited B(PIAHCLB)	28,789.98 ▼ -3198.89 (-10%)
Khyber Textile / Jun 5 Khyber Textile Mills Limited(KHYT)	2,735.17 ▼ -303.91 (-10%)
Apna Microfin. / Jun 5 Apna Microfinance Bank Limited(AMBL)	9.71 ▼ -1.07 (-9.93%)
K.S.B.Pumps / Jun 5 KSB Pumps Company Limited(KSBP)	234.17 ▼ -23.62 (-9.16%)
Arpak Int. / Jun 5 Arpak International Investments Ltd.(ARPAK)	56.01 ▼ -5.59 (-9.07%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	21.89 ▼ -1.91 (-8.03%)
Paramount Mod / Jun 5 First Paramount Modaraba(FPRM)	7.82 ▼ -0.68 (-8%)
JS Global Banking / Jun 5 JS Global Banking Sector (ETF)(JSGBETF)	23 ▼ -1.9 (-7.63%)

Stock	Volume
K-Electric Ltd. / Jun 5 K-Electric Limited(KEL)	179,677,072 ▲ 0.42
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	62,902,228 ▲ 0.75
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	52,373,487 ▲ 0.05
Invest Bank / Jun 5 Invest Capital Investment Bank Limited(ICIBL)	40,420,682 ▲ 0.57
Fauji Foods Ltd / Jun 5 Fauji Foods Limited(FFL)	37,050,317 ▲ 0.3
Treet Corp / Jun 5 Treet Corporation Limited(TREET)	34,993,918 ▲ 0.73
Dewan Cement / Jun 5 Dewan Cement Limited(DCL)	33,992,276 ▲ 1.24
PIA Holding Co.Ltd / Jun 5 PIA Holding Company Limited(PIAHCLA)	31,842,116 ▲ 1.77
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	24,182,352 ▲ 0.02
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	14,969,512 ▼ -0.66

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